Society Pass (NASDAQ:SOPA) Stock Rating Upgraded by Zacks Research

Society Pass (NASDAQ:SOPA) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

SOPA has been the subject of several other research reports. Wall Street Zen cut shares of Society Pass to a “strong sell” rating in a report on Saturday, December 20th. Greenridge Global raised shares of Society Pass to a “strong-buy” rating in a research report on Monday, December 22nd. Ascendiant Capital Markets upped their price objective on shares of Society Pass from $22.00 to $22.50 and gave the company a “buy” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Society Pass in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.50.

Society Pass Price Performance

Shares of SOPA traded down $0.00 during mid-day trading on Tuesday, reaching $0.42. The company’s stock had a trading volume of 6,437 shares, compared to its average volume of 1,426,374. Society Pass has a 12-month low of $0.35 and a 12-month high of $6.28. The stock has a market cap of $3.19 million, a PE ratio of -0.17 and a beta of 2.01. The company’s 50 day moving average is $0.84 and its 200 day moving average is $1.66.

Institutional Trading of Society Pass

Several hedge funds have recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in shares of Society Pass during the second quarter worth about $31,000. Geode Capital Management LLC boosted its holdings in Society Pass by 43.3% in the 4th quarter. Geode Capital Management LLC now owns 48,129 shares of the company’s stock valued at $183,000 after purchasing an additional 14,547 shares in the last quarter. Connective Capital Management LLC purchased a new stake in Society Pass in the 4th quarter valued at approximately $282,000. Finally, HRT Financial LP acquired a new position in Society Pass during the 4th quarter worth approximately $350,000. Institutional investors and hedge funds own 3.09% of the company’s stock.

About Society Pass

Society Pass Inc is a commerce-as-a-service holding company focused on creating and operating an omni-channel loyalty and rewards platform that connects consumers with a diversified portfolio of e-commerce marketplaces and digital services. Through its proprietary technology, the company enables users to earn and redeem loyalty points across various online and offline merchants, fostering repeat engagement for retail, travel, dining and entertainment partners. Society Pass’s model emphasizes the aggregation of customer data, personalized promotions and co-marketing programs to drive sales and brand awareness for its partner network.

The company’s core offerings include an e-commerce marketplace that spans categories such as consumer electronics, health and beauty, groceries, and lifestyle products.